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The nominal price of apples is pA = $1.20/lb, the nominal price of coffee is $2.10/cup, and Peter makes $215/week income. Calculate the relative price
The nominal price of apples is pA = $1.20/lb, the nominal price of coffee is $2.10/cup, and Peter makes $215/week income. Calculate the relative price of a cup coffee and Peter's real income. Make sure you show the correct units for this price and income
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Core Macroeconomics
Authors: Eric Chiang
3rd edition
978-1429278478, 1429278471, 978-1429278492, 1429278498, 1464191433, 978-1464191435
